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URW

Unibail-Rodamco-WestfieldENXTAM:URW Stock Report

Market Cap

€8.1b

7D

-6.2%

1Y

-7.4%

Updated

28 Nov, 2021

Data

Company Financials +
URW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health0/6
Dividends0/6

URW Stock Overview

Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at €58.3 Bn as at September 30, 2020, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services.

Unibail-Rodamco-Westfield Competitors

Eurocommercial Properties

ENXTAM:ECMPA

€936.9m

Wereldhave

ENXTAM:WHA

€496.7m

Vastned Retail

ENXTAM:VASTN

€388.5m

Simon Property Group

NYSE:SPG

US$60.3b

Price History & Performance

Summary of all time highs, changes and price drops for Unibail-Rodamco-Westfield
Historical stock prices
Current Share Price€58.46
52 Week High€85.65
52 Week Low€53.86
Beta2.43
1 Month Change-5.42%
3 Month Change-21.67%
1 Year Change-7.44%
3 Year Change-61.50%
5 Year Changen/a
Change since IPO-69.62%

Recent News & Updates

Shareholder Returns

URWNL REITsNL Market
7D-6.2%-5.4%-6.1%
1Y-7.4%-3.9%17.1%

Return vs Industry: URW underperformed the Dutch REITs industry which returned -3.9% over the past year.

Return vs Market: URW underperformed the Dutch Market which returned 17.1% over the past year.

Price Volatility

Is URW's price volatile compared to industry and market?
URW volatility
URW Average Weekly Movement6.5%
REITs Industry Average Movement4.2%
Market Average Movement3.9%
10% most volatile stocks in NL Market6.5%
10% least volatile stocks in NL Market2.4%

Stable Share Price: URW is more volatile than 90% of Dutch stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: URW's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Dutch stocks.

About the Company

FoundedEmployeesCEOWebsite
19683,049Jean-Marie Tritanthttps://www.urw.com

Unibail-Rodamco-Westfield is the premier global developer and operator of Flagship Destinations, with a portfolio valued at €58.3 Bn as at September 30, 2020, of which 86% in retail, 7% in offices, 5% in convention & exhibition venues and 2% in services. Currently, the Group owns and operates 89 shopping centres, including 55 Flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year.

Unibail-Rodamco-Westfield Fundamentals Summary

How do Unibail-Rodamco-Westfield's earnings and revenue compare to its market cap?
URW fundamental statistics
Market Cap€8.10b
Earnings (TTM)-€4.11b
Revenue (TTM)€1.06b

7.6x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
URW income statement (TTM)
Revenue€1.06b
Cost of Revenue€1.00b
Gross Profit€64.10m
Expenses€4.17b
Earnings-€4.11b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)-29.64
Gross Margin6.02%
Net Profit Margin-385.82%
Debt/Equity Ratio127.1%

How did URW perform over the long term?

See historical performance and comparison

Valuation

Is Unibail-Rodamco-Westfield undervalued compared to its fair value and its price relative to the market?

46.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: URW (€58.46) is trading below our estimate of fair value (€109.16)

Significantly Below Fair Value: URW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: URW is unprofitable, so we can't compare its PE Ratio to the European REITs industry average.

PE vs Market: URW is unprofitable, so we can't compare its PE Ratio to the Dutch market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate URW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: URW's PB Ratio (0.4x) is in line with the NL REITs industry average.


Future Growth

How is Unibail-Rodamco-Westfield forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

69.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: URW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.09%).

Earnings vs Market: URW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: URW's is expected to become profitable in the next 3 years.

Revenue vs Market: URW's revenue (0.9% per year) is forecast to grow slower than the Dutch market (9.8% per year).

High Growth Revenue: URW's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: URW's Return on Equity is forecast to be low in 3 years time (5.1%).


Past Performance

How has Unibail-Rodamco-Westfield performed over the past 5 years?

-65.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: URW is currently unprofitable.

Growing Profit Margin: URW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: URW is unprofitable, and losses have increased over the past 5 years at a rate of 65.4% per year.

Accelerating Growth: Unable to compare URW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: URW is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (21.9%).


Return on Equity

High ROE: URW has a negative Return on Equity (-19.65%), as it is currently unprofitable.


Financial Health

How is Unibail-Rodamco-Westfield's financial position?


Financial Position Analysis

Short Term Liabilities: URW's short term assets (€4.4B) do not cover its short term liabilities (€4.7B).

Long Term Liabilities: URW's short term assets (€4.4B) do not cover its long term liabilities (€29.2B).


Debt to Equity History and Analysis

Debt Level: URW's net debt to equity ratio (115.2%) is considered high.

Reducing Debt: URW's debt to equity ratio has increased from 79.5% to 127.1% over the past 5 years.

Debt Coverage: URW's debt is not well covered by operating cash flow (5.4%).

Interest Coverage: Insufficient data to determine if URW's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Unibail-Rodamco-Westfield current dividend yield, its reliability and sustainability?

2.81%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate URW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate URW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if URW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if URW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: URW is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of URW's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Jean-Marie Tritant (54 yo)

0.83

Tenure

€1,553,304

Compensation

Mr. Jean-Marie Tritant has been Chairman of the Supervisory Board at Unibail-Rodamco-Westfield N.V. since January 1, 2021. Mr. Tritant has been Chairman of the Management Board and Group Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Jean-Marie's total compensation is reasonable compared to companies of similar size in the Dutch market.

Compensation vs Earnings: Jean-Marie's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: URW's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: URW's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Unibail-Rodamco-Westfield SE's employee growth, exchange listings and data sources


Key Information

  • Name: Unibail-Rodamco-Westfield SE
  • Ticker: URW
  • Exchange: ENXTAM
  • Founded: 1968
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: €8.102b
  • Shares outstanding: 138.59m
  • Website: https://www.urw.com

Number of Employees


Location

  • Unibail-Rodamco-Westfield SE
  • 7 place du Chancelier Adenauer
  • CS 31622
  • Paris
  • Ile-de-France
  • 75772
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 19:03
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.